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banking

'Banking on Climate Chaos': How banks have provided fossil fuel firms with almost $7tr since the Paris Agreement

Investment

'Banking on Climate Chaos': How banks have provided fossil fuel firms with almost $7tr since the Paris Agreement

Fifteenth annual Banking on Climate Chaos study finds world's biggest banks gave more than $705bn to fossil fuel firms in 2023 alone, despite many being committed to reaching net zero emissions

clock 13 May 2024 • 11 min read
Barclays pledges to stop directly financing new oil and gas projects

Investment

Barclays pledges to stop directly financing new oil and gas projects

Bank’s revised Climate Change Statement promises to halt financing for energy firms' upstream oil and gas expansion projects or related infrastructure

clock 09 February 2024 • 6 min read
ShareAction: Green finance targets from Europe's largest banks at risk of greenwashing

Investment

ShareAction: Green finance targets from Europe's largest banks at risk of greenwashing

ShareAction investigation on 'structural lack of transparency' across banking industry finds just one-in-five of Europe's 20 largest banks publish information on green finance target calculations

clock 22 November 2023 • 5 min read
High street banks scored 'red' for weak environmental performance by Which?

Investment

High street banks scored 'red' for weak environmental performance by Which?

Cooperative, Triodos, and Nationwide only firms to be granted 'eco-provider' status by influential consumer website

clock 05 October 2023 • 3 min read
'Wake up call': More than a third of Brits willing to ditch banks investing in carbon intensive firms

Investment

'Wake up call': More than a third of Brits willing to ditch banks investing in carbon intensive firms

ShareAction calls for banks to toughen stance on polluting assets, as survey finds majority of Brits concerned over social and environmental impact of finance industry

clock 17 July 2023 • 3 min read
Circular credit cards: Mastercard, HSBC, and TerraCycle launch card recycling scheme

Recycling

Circular credit cards: Mastercard, HSBC, and TerraCycle launch card recycling scheme

The initiative will be piloted across select HSBC banks where customers can securely recycle old cards in-branch

clock 22 June 2023 • 2 min read
Why is the financial industry still 'banking on climate chaos'?

Investment

Why is the financial industry still 'banking on climate chaos'?

Banks invested over $673bn in fossil fuels in 2022, according to new report by major environmental groups

clock 17 April 2023 • 6 min read
'Balancing the books on CO2': Tide undertakes 'world first' biochar purchase

Offsets

'Balancing the books on CO2': Tide undertakes 'world first' biochar purchase

EXCLUSIVE: Fintech firm offsets 2022 emissions with durable biochar deal and announces trio of pledges to become a fully net zero emission outfit within a decade

clock 01 March 2023 • 3 min read
'Ignoring scientific truths': BNP Paribas faces legal action over climate strategy

Investment

'Ignoring scientific truths': BNP Paribas faces legal action over climate strategy

Case brought by NGOs against investor thought to be first climate-related legal action to target a commercial bank

clock 23 February 2023 • 3 min read
Accelerating 'climate literacy': Doconomy snaps up behavioural science-based fintech firm

Technology

Accelerating 'climate literacy': Doconomy snaps up behavioural science-based fintech firm

Swedish fintech firm expands suite of climate finance tools with purchase of Dreams Technology

clock 23 February 2023 • 2 min read
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